Let’s look at it through Krugman-the-liar’s lens: Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. That, according to Herbert Hoover, was the advice he received from Andrew Mellon, the Treasury secretary, as America plunged into depression. To…

The U.S. financial system is like a junkie that needs continually increasing amounts of “junk” to get the same “buzz”. So what is the U.S. financial system addicted to? It is addicted to money and debt. For many years,…

From The Guardian: On 10 April 2006, a DC-9 jet landed in the port city of Ciudad del Carmen, on the Gulf of Mexico, as the sun was setting. Mexican soldiers, waiting to intercept it, found 128 cases packed…